"The new manufacturing facility in Bangalore will become the design, engineering and manufacturing centre for TE in India, serving global and Indian customers," said V Raja, president, TE Connectivity, India.

"India is an important cornerstone of TE's emerging market growth strategy. The combination of local talent, local design and manufacturing and local partnerships will help drive TE's continued growth in the market."

The 2,80,000 square plant is expected to be operational by 2014.

In addition, the company's automotive manufacturing plants in Shirwal and Wagholi in Pune will be expanded over the next three years.

TE aims to increase the local product development from the current 20-25 per cent to 60 per cent and strengthen the design and engineering talent pool.

The company's India subsidiary had revenues of about Rs.1,400 crore in 2010-2011 (October 2010-September 2011). TE targets Rs.5,434.78 crore ($1 billion )in sales in the next five years.